Goldman Sachs compares this period to 1973 and then concludes stocks will likely RISE by 4%:
"The 2s10s yield curve inverted in 1973, a comparable period of high inflation. The S&P 500 ultimately entered a bear market, falling 48%"
Buyer be unaware. https://t.co/RMStiRlHkt
— Mac10 (@SuburbanDrone) April 4, 2022
In the transmission sequence of higher rates to #US macro data, labor market ranks far behind. Housing & manufacturing react earlier. Nevertheless, first signs of a slowdown appear here as well. When #unemployement reverses from cyclical low we enter #recession risk territory. pic.twitter.com/cwN7rPHYRY
— 🏳️🌈 Patrick Krizan 🇺🇦 (@PatrickKrizan) April 5, 2022
We are now 1 month from the May FOMC.
This is the window of time in which the market crashed the last two times. January at wave 1 (red) and March at wave b (blue) which was the middle of the correction.
Wave '3' down should far exceed wave '1' in magnitude. pic.twitter.com/ES0DfmxcSZ
— Mac10 (@SuburbanDrone) April 5, 2022
🇺🇸 The spread between two- and 10-year term premiums — the extra yield investors demand for the risk of holding longer-term debt — has inverted to a record, according to data from the Federal Reserve Bank of New York compiled by Bloomberg. pic.twitter.com/X4ehgktvKu
— Christophe Barraud🛢🐳 (@C_Barraud) April 5, 2022
Bulls,
I must remind you again…this fairy tale does not have a happy ending.
Sorry if I'm the only one who will tell you that. pic.twitter.com/b3FM46FslG
— Mac10 (@SuburbanDrone) April 4, 2022
XLE is record overbought.
I will be discussing this in my upcoming blog post: pic.twitter.com/MTth3mobxC
— Mac10 (@SuburbanDrone) April 4, 2022
Latest US ISM survey exactly on-track with other March surveys of consumers and producers about future US outlook…whoops! Slowdown coming pic.twitter.com/D8r4zEOXjG contact https://t.co/WB4EFarvgS for our reports
— CrossBorder Capital/ GLIndexes (@crossbordercap) April 5, 2022
#WallStreet is increasingly facing headwinds from faltering #Fed #Liquidity …. the dance of money? pic.twitter.com/seuaYuFdTX https://t.co/WB4EFarvgS for all data
— CrossBorder Capital/ GLIndexes (@crossbordercap) April 5, 2022